Reinsurance News
Guy Carpenter news
News on Guy Carpenter, one of the world’s leading reinsurance brokers and part of the Marsh & McLennan group of companies.
News on Guy Carpenter’s activities in reinsurance and insurance-linked securities markets, as a broker, originator, adviser and structurer of reinsurance risk transfer transactions.
US casualty challenging at April 1, reinsurers exerting pressure: Klisura, Guy Carpenter
19th April 2024
Speaking during the Marsh McLennan Q1 2024 earnings call, Dean Klisura, CEO of reinsurance broker Guy Carpenter, explained that US casualty was challenging at the April 1st, 2024, renewals, with reinsurers "exerting pressure on pricing and terms and conditions." Klisura highlights that the difficulties experienced in the US casualty market were ... Read the full article
Reinsurance market stable as signs point to better conditions for cedents at June 1: Doyle, MMC
18th April 2024
John Doyle, President and CEO of broking group Marsh McLennan (MMC), said earlier today that reinsurance market conditions remain stable, and that early signs suggest a better environment for cedents at the June 1 Florida catastrophe risk renewals. Speaking during the MMC first quarter 2024 earnings call, Doyle and Dean Klisura, ... Read the full article
Guy Carpenter’s revenue rises to $1.1bn in Q1’24
18th April 2024
Guy Carpenter, the reinsurance broking arm of Marsh McLennan (MMC), recorded a 7% rise in revenue in the first quarter of 2024 to $1.1 billion, as MMC President and CEO, John Doyle, welcomes a "terrific start" to 2024 for the global broking group. The company's reinsurance arm sits within its Risk ... Read the full article
Guy Carpenter hires PartnerRe’s Richard Chu as MD, Credit, Bond & Political Risk, Global Specialties
11th April 2024
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, has appointed Richard Chu as Managing Director, Credit, Bond & Political Risk, Global Specialties, effective immediately. Chu will be based in Singapore and has a reporting line to David Edwards, Head of Guy Carpenter’s Credit, Bond and ... Read the full article
Guy Carpenter names Ben Savill CEO of Pacific
25th March 2024
Guy Carpenter, a global risk and reinsurance specialist and business of Marsh McLennan, has appointed Ben Savill as CEO of Pacific, effective from the 1st of April, 2024. Savill holds more than 27 years of market experience, having most recently served as Chief Underwriting Offer of Convex Insurance in Bermuda. Before that, ... Read the full article
Important to understand response of cyber catastrophe models: Guy Carpenter
21st March 2024
Guy Carpenter, the reinsurance broking business within Marsh McLennan, highlights the importance of understanding how cyber catastrophe models respond to various scenarios in its latest cyber research study. In the reinsurance broker’s study, it emphasises that as cyber risks continue to evolve, so do the parameterisations of these models, influencing their ... Read the full article
Echo Re uses ACORD’s ADEPT for seamless data exchange with Guy Carpenter
4th March 2024
Echo Reinsurance Limited (Echo Re), a global reinsurer, has recently announced its adoption of ACORD Solutions Group’s ADEPT (ACORD Data Exchange Platform and Translator) to streamline digital data exchange with Guy Carpenter. ADEPT, developed by ACORD, is designed to facilitate real-time data exchange, translation, and transformation, making it easier for industry ... Read the full article
Guy Carpenter launches new cyber reinsurance product, CatStop+
31st January 2024
Guy Carpenter, a global risk and reinsurance specialist and business of Marsh McLennan, has launched its new cyber reinsurance product, CatStop+, a "first-of-its-kind" market-tested structure designed to address the volatility of cyber risk. According to Guy Carpenter, CatStop+ helps solve a range of issues that cyber (re)insurers face, "striking a ... Read the full article
Jan 1 reinsurance renewals positive and balanced: Klisura, Guy Carpenter CEO
25th January 2024
Overall, capacity was adequate for the completion of most programmes at the January 1st, 2024, reinsurance renewals, and with dedicated reinsurance capital growth in the double-digits, it was a positive renewal, according to Dean Klisura, President and Chief Executive Officer (CEO) of Guy Carpenter. Following the release of insurance and ... Read the full article
Guy Carpenter revenue up 9% to $252m in Q4’23
25th January 2024
Guy Carpenter, a global risk and reinsurance specialist and a business of Marsh McLennan, has reported total revenue in Q4 of 2023 of $252 million, marking an increase of 9% on an underlying basis. For the year 2023, Guy Carpenter's revenue grew 12% compared to 2022, or 10% on an underlying ... Read the full article
Miller hires Guy Carpenter’s Shaun Sinniah as Head of Reinsurance & Capital
17th January 2024
Independent specialist re/insurance broker, Miller, has hired Guy Carpenter’s Shaun Sinniah as Head of Reinsurance and Capital, in a move that is set to bolster the company's reinsurance offering and international presence. In his new role, Sinniah will be based in London. In his previous role at Guy Carpenter, Sinniah served as ... Read the full article
Guy Carpenter hires Keith Wolfe as Chief Commercial Officer, NA
16th January 2024
Guy Carpenter, the global risk and reinsurance specialist, and business of Marsh McLennan, has appointed Keith Wolfe to the newly created role of Chief Commercial Officer, North America, effective immediately. Wolfe joins the firm following a 27 year tenure with reinsurance giant, Swiss Re and its predecessor companies. During his time at ... Read the full article
Global property cat reinsurance RoL index up 5.4% at 1.1 2024: Guy Carpenter
9th January 2024
Reinsurance broker Guy Carpenter has reported that at the January 1st, 2024, reinsurance renewal, its Global Property Catastrophe Rate on Line Index (ROL) increased by 5.4% when compared with the prior year. Although this 5.4% increase is a steep decline from the 27.2% rise seen at the Jan 1st, 2023 renewals ... Read the full article
Robust reinsurance capital rebounds 12% in 2023, surpassing $461bn: Guy Carpenter
2nd January 2024
In a notable turnaround, the dedicated reinsurance capital witnessed a robust resurgence in 2023, recovering from the substantial setbacks of the previous year. According to a joint assessment by Guy Carpenter and AM Best, traditional dedicated reinsurance capital surged by 12%, reaching an estimated USD 461 billion, bolstered by strong underwriting ... Read the full article
Responsive reinsurance market emerges at Jan 1 renewals: Guy Carpenter
29th December 2023
In a recent announcement, global risk and reinsurance specialist Guy Carpenter, has highlighted the emergence of a responsive reinsurance market during the January 1st, 2024, reinsurance renewals. This market shift is attributed to ample capacity and a more commercial approach to trading partnerships, all while maintaining a commitment to underwriting rigor. The ... Read the full article